mattel inc designs manufactures and markets toy products worldwide mattel rsquo s to 546001
EX 7-25 Variation in cash flows
Mattel, Inc., designs, manufactures, and markets toy products worldwide. Mattel’s toys include Barbie™ fashion dolls and accessories, Hot Wheels™, and Fisher-Price brands.
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For a recent year, Mattel reported the following net cash flows from operating activities (in thousands):
|
First quarter ending March 31 |
$ (41,844) |
|
Second quarter ending June 30 |
(184,934) |
|
Third quarter ending September 30 |
(55,548) |
|
Fourth quarter ending December 31 |
955,600 |
Explain why Mattel reported negative net cash flows from operating activities during the first three quarters and a large positive cash flow for the fourth quarter, with overall net positive cash flow for the year.
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